Brussels, 27/04/2010 (Agence Europe) - On Tuesday 27 April, the European Commission authorised an aid scheme to compensate power generators for certain costs resulting from the termination of long-term power purchase agreements in Hungary. It concluded that the compensation will not exceed what is necessary to recoup the shortfall in investment costs repayment over the assets' lifetime, including a reasonable profit margin.
The Hungarian scheme seeks to compensate three power generators for...